Twitter's Stock Dips Below $20 to All-Time Low

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Twitter's Stock Dips Below $20 to All-Time Low

Twitter's stock hit an all-time low today, dipping below $20 a share for the first time.

As the new year kicks off, investors apparently remain worried about Twitter's ability to broaden its appeal. The company's stock has fallen steadily over the past few months as concern persists over its stagnating user growth, which could affect its ability to grow ad revenue long term.

In the fall, Twitter launched Moments, which showcases popular and newsworthy tweets in a separate tab, to make the service easier to use. Dorsey also hinted this week that the company may expand the character limit for tweets well beyond 140 characters. So far, however, Twitter hasn't persuaded the market that it has regained its footing.

Despite investors' pessimism, Twitter (market cap $13.8 billion) remains a significant presence around the world with 320 million monthly users. But for Wall Street, it's hard not to compare that figure to the more than 1.5 billion users on Facebook (market cap $275.3 billion).

Twitter's latest new features appear, in fact, to reflect some of the more popular aspects of Facebook. Late last year, Twitter replaced the popular star icon, which was used to "favorite" tweets, with a heart to signify the more Facebook-like "like." Twitter has also explored new features to make its reverse chronological timeline more Facebook-like by showing tweets that a user may have missed. And expanding beyond 140 characters would also be in keeping with Facebook's far more liberal limits.